The fraction 27/67 is equal to 40.30% when converted to a percentage and rounded to two decimal places. This means that if you had 67 items and selected 27 of them, you'd have chosen about 40% of the total. It's a bit less than half, but more than a third.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales figures, or survey results. For instance, if 27 out of 67 people surveyed preferred a certain product, you could say that 40.30% of respondents liked that item. This kind of information can be useful for making decisions or understanding trends in various fields.